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One of the most significant events in the history of the Malaysian economy was the Asian financial crisis, which caused Malaysia's GDP to shrink from US$100.8 billion in 1996 to US$72.2 billion in 1998.
ZUBAIR HASAN∗. This paper argues that the 1997-98 financial crisis did not hit Malaysia because the economic fundamentals of the country were weak. It was the result of massive unpredictable flight of short-term portfolio investment from the region including Malaysia.
In 1998, the Malaysia Premier League was divided into two divisions, consisting of Malaysia Premier League 1 and Malaysia Premier League 2 (Liga Perdana 1 and Liga Perdana 2). [24] [25] During 1998, Malaysia Premier League 1 consisted of 12 teams, while Malaysia Premier League 2 had 8 teams.
Malaysia's transformation since 1900 is comprised of four key periods, roughly 1900-1945, 1946-1969, 1970-2000, and 2000-present. While these dates are somewhat arbitrary, they help to delineate Malaysia's economic transformation and highlight the deep role of politics as well world markets.
speculated that Mahathir would call a snap general election in 1998 before economic gloom could erode support for the ruling Barisan Nasional (Na-tional Front). On April 1, the Court of Appeal ordered a jail term for Lim Guan Eng, member of Parliament of the opposition Democratic Action Party (DAP) and son of its secretary-general, Lim Kit Siang.
Knowledge of Malaysia’s economic history is essential for understanding the country’s present day social, demographic and economic achievements and challenges. The twentieth century was an amazingly eventful and transformative period.
The Malaysian economy contracted by nearly 7 percent in 1998, recovered to 8 percent growth in 2000, slipped again to under 1 percent in 2001 and has since stabilized at between 4 and 5 percent growth in 2002-04.
